Mortgage and Financial News From 2008-9-23 Page 8
Previous Day: 2008-09-22
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
16 17
-
Banks unsteady as Russian stocks fall (INO News)
(AP:MOSCOW) A state-owned bank swooped in to pick up one of Russia's struggling players Tuesday as rumblings sound over the health of Russia's banking sector amid falling stock markets.
2008-09-23 10:47:34 -
Russian stocks fall, bank outlook dims (Lexington Herald-Leader)
Russian stocks were buffeted Tuesday by turbulence from a dismal U.S. trading session as the Standard & Poor's ratings agency lowered the long-term outlook for several small-sized Russian banks, including a bank owned one of the country's richest men. The MICEX, where most trading takes place, dropped 3.1 percent to close at 1,071.2 points, while the dollar-denominated RTS shed 2.9 percent to ...
2008-09-23 11:51:42 -
Mr. Market Will Have His Say (GoldSeek.com)
*** He's baaaaaack…Friedman mistakes wishes for thoughts…and more!
2008-09-23 12:32:17 -
Effects of Predatory Lending Lead to Economic Crisis (SocialFunds.com)
By Robert Kropp. Proposed $700 billion bailout by Treasury Department offers measure of relief to roiling markets while raising questions of fairness. Part I of a three-part series.
2008-09-23 12:56:03 -
Emerging markets hit hard by Wall Street crisis (The Christian Science Monitor)
But Russia, Brazil, and China are expected to have the cash and domestic growth to weather the storm.
2008-09-23 01:07:45 -
(AFX UK Focus) 2008-09-23 20:52 US recession likely in 2009 - property mogul Zell (Interactive Investor)
NEW YORK, Sept 23 (Reuters) - Real estate heavyweight Sam Zell said on Tuesday the U.S. economy is likely to slip into recession next year, while the single-family housing market is close to bottoming out. But on the downside, Zell, who earned the moniker "The Grave Dancer" for buying up distressed commercial real estate properties in the early 1990s, said office buildings that are not top ...
2008-09-23 01:26:36 -
Hey Congress, You Already Passed Homeowner Bailout (CNBC via Yahoo! Finance)
In the debate over aid to homeowners in the bailout plan, both sides appear to have forgotten that Congress approved a $300 billion mortgage rescue package in late July.
2008-09-23 01:28:50 -
McDonald's Doesn't Expect Bank Move To Have Big Impact (CattleNetwork.com)
NEW YORK (Dow Jones) -- McDonald's Corp. (MCD) said Tuesday it doesn't expect much fallout from Bank of America's (BAC) move to restrict loans to the restaurant giant's franchisees.
2008-09-23 01:57:08 -
Pound Little Changed Versus Dollar, Euro Before Mortgage Data - Bloomberg
Sept. 23 (Bloomberg) -- The pound was little changed against the dollar and euro before an industry report that will show whether U.K. mortgage approvals picked up in August from close to the lowest level in at least 11 years. House prices slid a ...
2008-09-22 11:24:00 -
Mortgage Rates Remain Flat Despite Drama on Wall Street - Earthtimes
SEATTLE , Sept. 23 /PRNewswire/ -- Mortgage rates have remained relatively flat over the past week, with rates for 30-year fixed mortgages increasing slightly to 5.78 percent, up from 5.77 percent the week prior according to the Zillow Mortgage Rate ...
2008-09-23 04:53:00 -
Mortgage approvals fall to record low - Daily Telegraph
The British Bankers' Association (BBA) said mortgages approved for house purchases mortgage approvals slumped to just 21,086 in August. This was the lowest level since the series started in 1997 and down from 58,564 in August 2007 when mortgage ...
2008-09-23 07:09:00 -
House sales fall to lowest level in 50 years - Daily Telegraph
The number of houses sold plummeted to just 62,000 in August, which is the lowest level since records began in 1959 and less than half the figure for a year ago, according to HM Revenue and Customs. The sales statistics are the starkest evidence yet ...
2008-09-23 07:09:00 -
U.K. Bonds Rise as Mortgage Approvals Sink to Lowest in Decade - Bloomberg
Sept. 23 (Bloomberg) -- U.K. government bonds advanced after an industry report showed mortgage approvals fell to the lowest level in at least 11 years last month, adding to evidence Britain has entered a recession. The gains sent the yield on 10 ...
2008-09-23 09:11:00 -
Mortgages for August at lowest recorded level (Evening Standard)
Mortgage lending by major banks hit a new low last month. The British Bankers' Association today said that in August only 21,086 mortgages were approved - the lowest figure since records began in 1997. It represents a 64 per cent drop on August last year.
2008-09-23 06:35:54 -
Europe Round Up - Eurozone Private Sector Output Shrinks Most In 7 Years (Nasdaq)
(RTTNews) - Tuesday, several key reports were released during the day that showed that Eurozone private sector output contracted in September at the fastest rate in almost seven years and a weakening household spending in France. In the UK, mortgage approvals fell further.
2008-09-23 07:57:20